Franco-Nevada (NYSE:FNV) Price Target Raised to $290.00

Franco-Nevada (NYSE:FNV) (TSE:FNV) had its price objective upped by Scotiabank from $286.00 to $290.00 in a research note released on Thursday, MarketBeat Ratings reports. The brokerage currently has a sector perform rating on the basic materials company’s stock. Scotiabank also issued estimates for Franco-Nevada’s FY2026 earnings at $8.43 EPS.

A number of other research analysts have also commented on FNV. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Franco-Nevada in a research report on Wednesday, February 4th. National Bank Financial raised shares of Franco-Nevada from a “sector perform” rating to an “outperform” rating in a report on Wednesday. UBS Group reaffirmed a “buy” rating and set a $310.00 price objective on shares of Franco-Nevada in a report on Friday, January 30th. Weiss Ratings raised shares of Franco-Nevada from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 20th. Finally, Wall Street Zen raised shares of Franco-Nevada from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Franco-Nevada has a consensus rating of “Moderate Buy” and an average target price of $257.75.

Franco-Nevada Trading Down 5.3%

Shares of NYSE:FNV opened at $225.39 on Thursday. The stock has a market capitalization of $43.47 billion, a PE ratio of 31.74, a P/E/G ratio of 1.96 and a beta of 0.34. Franco-Nevada has a 1 year low of $152.89 and a 1 year high of $285.67. The firm has a fifty day moving average price of $245.94 and a 200 day moving average price of $231.41.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.29. Franco-Nevada had a net margin of 65.12% and a return on equity of 18.10%. The firm had revenue of $650.70 million during the quarter, compared to analysts’ expectations of $634.43 million. During the same period in the prior year, the company posted $1.07 earnings per share. Franco-Nevada’s revenue for the quarter was up 76.6% on a year-over-year basis. On average, sell-side analysts forecast that Franco-Nevada will post 8.84 earnings per share for the current fiscal year.

Franco-Nevada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 11th. Franco-Nevada’s dividend payout ratio is 24.79%.

Institutional Trading of Franco-Nevada

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Franco-Nevada by 112.3% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. Transamerica Financial Advisors LLC bought a new position in Franco-Nevada in the fourth quarter valued at approximately $25,000. Burkett Financial Services LLC bought a new position in Franco-Nevada in the third quarter valued at approximately $28,000. Private Trust Co. NA bought a new position in Franco-Nevada in the fourth quarter valued at approximately $29,000. Finally, Smartleaf Asset Management LLC boosted its stake in Franco-Nevada by 600.0% in the second quarter. Smartleaf Asset Management LLC now owns 196 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 168 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

About Franco-Nevada

Franco-Nevada Corporation is a Toronto-based royalty and streaming company that specializes in securing and managing long-term interests in mining properties. The firm focuses primarily on precious metals, particularly gold, while also holding interests related to silver, copper, platinum-group metals and select base metals. Rather than operating mines directly, Franco-Nevada acquires royalty and streaming agreements that entitle it to a percentage of production or revenue from producing and developing assets in exchange for upfront or staged financing.

The company’s business model centers on providing capital to mining companies in return for a sustained share of production or metal revenue, which can reduce exposure to operating and capital cost risks typical of mine operators.